BMW I3 Vehicles have experienced a considerable decrease in their selling price recently. This model has gone through a strong reduction in its selling price.
The selling price for BMW I3 cars has had a strong depreciation during the last 6 months we have studied. The average price for April is £18,763. During May there was a slight reduction in the selling prices dropping till £17,046. The following two months (June, July) the selling price went through a devaluation of -12 percent in the average selling price compared to the previous two months analyzed. In the last two, the price has gone through a -11 % devaluation compared to the previous average values going down from £16,816.25 to £15,029.5 during August and September.
The average price for BMW I3 has had a strong rise in recent years. Between 2014 and 2018, the average price is £9,858.2. There was a significant inflation of the average price in 2014 (£8,545) moving up till (£11,957)in 2018. During the next two years (2019, 2020) the price for the aforementioned model has gone up strongly a 36 %. During the last two years, prices in the car industry have gone up 11 % compared to the average values for the previous 4 years. This conclusion was reached from studying the prices for the the preceding four years in previous sample (£15,121.25) and the the last two years that were studied (2021, 2022) with a price of £16,812.5.
The graph that displays the price for BMW I3 cars according to their mileage shows that those cars within a mileage range of "50,000 - 100,000" are the ones with the lowest price. They are 35 % more affordable than the average price (£14,761). Next with a price of £12,424 and a mileage range of "25,000 - 50,000" we would see the following vehicles. The mileage range for the most expensive cars is "10,000 - 25,000". It is 1% more costly than the average market value followed by those vehicles with a mileage of "less than 10,000" and a price of £14,401.
The graph showing the average price for the fuel type for BMW I3 cars points out to "Hybrid" as being the cheapest fuel type. It is 36 % less expensive than the average market price (£14,761) followed by "Petrol" priced at £9,594. On average the cheapest type of fuel is "Electric". It´s price is 1 % more affordable than the average market value followed by "Petrol" with a price of £9,594.